Time and place of action — seaside town in the south of Russia; the 1920’s. This was the period of the New Economic Policy (NEP) which allowed private enterprise and trade and, as a result, shady operators and petty criminals flourished. The Golden Age Restaurant is their favorite haunt — here a young dancer, Rita, who appears under the name of Mademoiselle Margot, and her partner, Jacques, in point of fact Yashka, leader of a local gang of bandits, entertain a mixed public of “fast livers”. Helping Yashka with his ’jobs’ are his bandit cronies and his friend, Lyuska.
During the town festival and general rejoicing Boris, a young fisherman, member of the satirical agitprop theatre for working youths, meets Rita. They begin to fall in love. But, suddenly, Rita disappears into the crowd, Boris rushes after her. Boris’s search brings him to The Golden Age Restaurant. To his astonishment, he recognizes the dancing Mademoiselle Margot to be Rita, the girl he is looking for.
Boris and Yashka fight over Rita. She is attracted by both young men, by the sincerity and depth of their feelings for her. Boris’s young fishermen friends start a brawl with members of the gang of bandits. Yashka tries to make a run for it, but he is caught. Rita is free: leaving the restaurant forever, she goes off with her beloved Boris to start a new life.